SEI Investments (NASDAQ:SEIC) Stock Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,892 shares of the asset manager's stock after buying an additional 31,977 shares during the period. Russell Investments Group Ltd. owned 0.08% of SEI Investments worth $8,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new position in shares of SEI Investments in the fourth quarter worth $31,000. Allworth Financial LP raised its position in shares of SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after acquiring an additional 117 shares during the period. Rialto Wealth Management LLC bought a new position in shares of SEI Investments in the fourth quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of SEI Investments by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock valued at $71,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds own 70.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Oppenheimer increased their price target on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a report on Thursday, January 30th. Piper Sandler cut their price target on shares of SEI Investments from $87.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of SEI Investments from a "buy" rating to a "hold" rating in a report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.80.

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Insider Buying and Selling at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now owns 1,300 shares of the company's stock, valued at $104,507. The trade was a 79.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the transaction, the chairman now owns 7,160,080 shares in the company, valued at $568,868,356. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,214 shares of company stock valued at $6,293,903 in the last three months. 14.30% of the stock is currently owned by company insiders.

SEI Investments Price Performance

NASDAQ SEIC traded down $0.19 on Tuesday, hitting $73.26. 715,953 shares of the company were exchanged, compared to its average volume of 646,775. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The company's 50 day moving average price is $77.05 and its 200-day moving average price is $78.82. The firm has a market capitalization of $9.30 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its board has initiated a share repurchase program on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.